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Funding arb · Price arb /

ETH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.05 per $10,000 · paid last 24h −0.010%
Price spread now: SoDEX against Vest−0.063%7-day average −0.033% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on VestShort on SoDEX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.013%−$1 on $10k
Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.063%, 7d avg −0.033%
Together, before fees+0.021%+ Points / potential airdropVest: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SoDEX is 0.030% cheaper against Vest than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVest ETH-PERP2,758.80.0088pay 0.0011% / 1h2m 12s—$870K50x
ShortSoDEX ETH-USD2,757.10.0047get 0.0006% / 1h2m 12s$54.9M$187.7M40x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Vest. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$8.67
Price spread: −0.063% → −0.033%
−$3.03
Slippage, 4 orders
no order book: not counted
Fee Vest: 1 bp × 2 orders
−$2
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$21.7
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Vest: no order-book sample; SoDEX: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Vest no order-book sample—————
Sell SoDEX live order book, 2 min ago0.18 bp4.2 bp −$44.2 bp −$425.5 bp −$55028.8 bp −$14.4K
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective ETH/USDC PERP−0.0752%1h2,773.8+0.542%$119K$22.5M52xas long as short
Perpl ETH−0.0447%43m2,757.3−0.056%$323K$6.1M8.3xas long as short
RISEx ETH/USDC−0.0128%1h2,756.9−0.070%$5.7M$11.2M25xas long as short
Hotstuff ETH-PERP−0.0080%1h2,757−0.067%$5K$1K50xas long as short
01 Exchange ETHUSD−0.0032%1h2,758.7−0.005%$168K$1.1M50xas long as short
Phoenix ETH−0.0003%1h2,768.6+0.354%$869K$3.7M25xas long as short
dYdX ETH-USD+0.0004%1h2,759.3+0.018%$12.2M$43.1M50xas long as short
gTrade (Gains Network) ETH/USDL +0.0006% / S −0.0006%1h2,758.3−0.019%$22.3M—200xas long as short
Bullet ETH-USD+0.0017%1h2,757.8−0.039%$183K$1.7M20xas long as short
OKX ETH-USDT-SWAP+0.0034%8h2,757.7−0.040%$1.69B$10.96B100xas long as short
Show all 55 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX ETH/USD [ETH-USDC]L +0.0043% / S −0.0009%1h2,758.3−0.019%$12.5M—200xas long as short
Aster ETHUSDT+0.0044%8h2,758.4−0.017%$259.7M$850.7M200xas long as short
SoDEX ETH-USDshort+0.0047%1h2,757.1−0.063%$54.9M$187.7M40x
MEXC ETH_USDT+0.0055%8h2,758.2−0.022%$1.61B$2.67B500xas long as short
Binance ETHUSDT+0.0056%8h2,758.2−0.022%$6.45B$16.07B150xas long as short
Aevo ETH-PERP+0.0056%1h2,757−0.067%$5.0M$156K20xas long as short
HTX ETH-USDT+0.0062%8h2,757.1−0.064%$1.07B$1.23B200xas long as short
Gate ETH_USDT+0.0063%8h2,758.2−0.024%$3.39B$9.16B200xas long as short
Aftermath Perps ETHUSD+0.0070%1h2,766.8+0.290%$31K$21K20xas long as short
Phemex ETHUSDT+0.0078%8h2,757.6−0.044%$268.4M$65.9M150xas long as short
Coinbase International ETH-PERP-INTX+0.0080%1h2,758.4−0.016%$60.0M$4.39B50xas long as short
Bitget ETHUSDT+0.0082%8h2,757.9−0.035%$2.08B$2.83B150xas long as short
Vest ETH-PERPlong+0.0088%1h2,758.8long leg—$870K50x
KuCoin ETHUSDTM+0.0090%8h2,758.1−0.026%$397.1M$602.9M100xas long as short
Lighter ETH+0.0096%1h2,758.3−0.020%$114.3M$461.9M50xas long as short
Lighter RH ETH+0.0096%1h2,760+0.043%$25.4M$113.4M50xas long as short
Paradex ETH-USD-PERP+0.0099%8h2,761.4+0.095%$15.9M$8.1M50xas long as short
Katana Perps ETH-USD+0.0100%8h2,757.1−0.063%$473K$2.8M50xas long as short
Nado ETH-PERP+0.0100%1h2,758.8−0.001%$14.3M$112.7M50xas long as short
Hyperliquid ETH+0.0100%1h2,760.3+0.053%$3.15B$2.11B25xas long as short
Pacifica ETH+0.0100%1h2,759.1+0.009%$31.2M$328.9M50xas long as short
Bybit ETHUSDT+0.0100%8h2,757.9−0.035%$2.49B$4.28B150xas long as short
Ondo Perps ETH-USD.P+0.0100%1h2,757.3−0.056%$2.8M$16.7M25xas long as short
Arcus ETH-USD+0.0100%1h2,757.3−0.054%$2.8M$16.8M25xas long as short
Bulk ETH-USD+0.0100%1h2,771.7+0.467%$172.0M$293.3M25xas long as short
BingX ETH-USDC+0.0100%8h2,757.3−0.055%—$17.3M—as long as short
Backpack ETH_USDC_PERP+0.0100%1h2,757.5−0.047%$15.0M$42.4M50xas long as short
Variational Omni ETH+0.0100%8h2,766.4+0.274%$134.4M$347.2M—as long as short
edgeX ETHUSDC+0.0100%4h2,770.3+0.417%$183.8M$751.0M100xas long as short
GRVT ETH_USDT_Perp+0.0100%8h2,767.1+0.298%$160.9M$82.6M50xas long as short
ApeX Omni ETHUSDT+0.0100%1h2,766.9+0.292%$8.8M$31.4M100xas long as short
StandX ETH-USD+0.0100%1h2,761.2+0.086%$21.4M$65.0M40xas long as short
Polymarket Perps ETH-USD+0.0100%1h2,757.4−0.052%$10.4M$8.0M50xas long as short
Bluefin ETH-PERP+0.0100%1h2,758.4−0.017%$21K$22K25xas long as short
Derive ETH-PERP+0.0100%1h2,760.1+0.047%$42.4M$28.9M15xas long as short
SunX ETH-USDT+0.0100%8h2,756.6−0.083%$967K$12.7M100xas long as short
Extended ETH-USD+0.0104%1h2,757.3−0.056%$30.8M$74.7M50xas long as short
Jupiter Perps ETH-PERPL +0.0104% / S +0.0048%1h2,759.7+0.032%—$35.6M500xas long as short
Kalshi KXETHPERP+0.0122%8h2,760.6+0.064%$7.9M$671.8M4.9xas long as short
Deribit ETH-PERPETUAL+0.0127%1h2,758.9+0.001%$259.1M$200.5M50xas long as short
Kraken Futures PF_ETHUSD+0.0135%1h2,758.7−0.006%$96.7M$315.4M100xas long as short
Orderly PERP_ETH_USDC+0.0158%8h2,761.1+0.082%$32.5M$11.0M100xas long as short
Hibachi ETH/USDT-P+0.0168%1h2,768.6+0.353%$253K$1.5M20xas long as short
BloFin ETH-USDT+0.0176%8h2,756.8−0.074%$286.3M$179.7M150xas long as short
Reya ETHRUSDPERP+0.0215%1h2,757.4−0.053%$7.3M$1.1M25xas long as short